XTEN vs. THTA

Last updated Jun 4, 2026

XTEN (BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF) and THTA (SoFi Enhanced Yield ETF) are both exchange-traded funds - XTEN is a Government Bonds fund tracking the Bloomberg US Treasury 10 Year Target Duration Index, while THTA is a Derivative Income fund actively managed by SoFi. XTEN is passively managed, while THTA is actively managed. Over the past year, XTEN returned 4.81% vs 16.78% for THTA. At a 0.03 correlation, their price movements are largely independent. XTEN charges 0.07%/yr vs 0.49%/yr for THTA.

Performance

XTEN vs. THTA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF (XTEN) and SoFi Enhanced Yield ETF (THTA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XTEN achieves a -0.54% return, which is significantly lower than THTA's 6.86% return.

XTEN

• 1D: -0.35%
• 1M: 0.25%
• YTD: -0.54%
• 6M: -1.22%
• 1Y: 4.81%
• 3Y*: 1.73%
• 5Y*: —
• 10Y*: —

THTA

• 1D: -0.02%
• 1M: 0.56%
• YTD: 6.86%
• 6M: 8.04%
• 1Y: 16.78%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

XTEN vs. THTA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
XTEN BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF	-0.54%	7.37%	-2.15%	7.79%
THTA SoFi Enhanced Yield ETF	6.86%	-10.24%	7.31%	1.04%

Correlation

The correlation between XTEN and THTA is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.06
Correlation (All Time) Calculated using the full available price history since Nov 16, 2023	0.03

Return for Risk

XTEN vs. THTA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XTEN

XTEN Risk / Return Rank: 21
XTEN Sharpe Ratio Rank: 22
XTEN Sortino Ratio Rank: 21
XTEN Omega Ratio Rank: 20
XTEN Calmar Ratio Rank: 21
XTEN Martin Ratio Rank: 21

THTA

THTA Risk / Return Rank: 92
THTA Sharpe Ratio Rank: 87
THTA Sortino Ratio Rank: 90
THTA Omega Ratio Rank: 95
THTA Calmar Ratio Rank: 92
THTA Martin Ratio Rank: 97

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XTEN vs. THTA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF (XTEN) and SoFi Enhanced Yield ETF (THTA). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	XTEN	THTA	Difference
Sharpe ratio: Return per unit of total volatility	0.75	2.91	-2.16
Sortino ratio: Return per unit of downside risk	1.13	4.29	-3.16
Omega ratio: Gain probability vs. loss probability	1.13	1.75	-0.62
Calmar ratio: Return relative to maximum drawdown	0.89	6.39	-5.50
Martin ratio: Return relative to average drawdown	2.59	52.08	-49.48
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XTEN vs. THTA - Sharpe Ratio Comparison

The current XTEN Sharpe Ratio is 0.75, which is lower than the THTA Sharpe Ratio of 2.91. The chart below compares the historical Sharpe Ratios of XTEN and THTA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	XTEN	THTA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.75	2.91	-2.16
Sharpe Ratio (All Time) Calculated using the full available price history	0.15	0.08	+0.08

Drawdowns

XTEN vs. THTA - Drawdown Comparison

The maximum XTEN drawdown since its inception was -13.86%, smaller than the maximum THTA drawdown of -31.41%. Use the drawdown chart below to compare losses from any high point for XTEN and THTA.

Drawdown Indicators

	XTEN	THTA	Difference
Max Drawdown Largest peak-to-trough decline	-13.86%	-31.41%	+17.55%
Max Drawdown (1Y) Largest decline over 1 year	-5.42%	-2.64%	-2.78%
Max Drawdown (3Y) Largest decline over 3 years	-11.15%	—	—
Current Drawdown Current decline from peak	-3.51%	-6.79%	+3.28%
Average Drawdown Average peak-to-trough decline	-4.03%	-7.52%	+3.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.86%	0.32%	+1.54%

Volatility

XTEN vs. THTA - Volatility Comparison

BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF (XTEN) has a higher volatility of 2.05% compared to SoFi Enhanced Yield ETF (THTA) at 0.75%. This indicates that XTEN's price experiences larger fluctuations and is considered to be riskier than THTA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XTEN	THTA	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.05%	0.75%	+1.30%
Volatility (6M) Calculated over the trailing 6-month period	4.41%	4.00%	+0.41%
Volatility (1Y) Calculated over the trailing 1-year period	6.41%	5.80%	+0.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.56%	20.25%	-10.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.56%	20.25%	-10.69%

XTEN vs. THTA - Expense Ratio Comparison

XTEN has a 0.08% expense ratio, which is lower than THTA's 0.49% expense ratio.

Dividends

XTEN vs. THTA - Dividend Comparison

XTEN's dividend yield for the trailing twelve months is around 4.40%, less than THTA's 11.26% yield.

Position	TTM	2025	2024	2023	2022
THTA SoFi Enhanced Yield ETF	11.26%	12.66%	12.44%	0.58%	0.00%
XTEN BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF	4.40%	4.05%	4.21%	3.71%	1.04%

Frequently Asked Questions

Can I hold both XTEN and THTA in my portfolio?

XTEN and THTA have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XTEN or THTA?

XTEN has higher volatility (2.05%) compared to THTA (0.75%). In terms of maximum drawdown, XTEN dropped -13.86% vs THTA's -31.41%.

Which ETF is better, XTEN or THTA?

On 1-year performance, THTA leads with 16.78% vs 4.81% for XTEN. On fees, XTEN is cheaper at 0.07% per year. On volatility, THTA has been the lower-risk option at 0.75%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XTEN or THTA?

Over the 1-year period, THTA has performed better with a 16.78% return vs 4.81%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XTEN or THTA?

XTEN is cheaper with a 0.07% expense ratio, compared with 0.49% for THTA.

Which ETF pays a higher dividend yield, XTEN or THTA?

THTA has the higher dividend yield at 11.26%, compared with 4.40% for XTEN.

What is the main difference between XTEN and THTA?

XTEN is categorized as Government Bonds, while THTA is Derivative Income. They also come from different issuers: BondBloxx and SoFi. Their fees differ too: 0.07% for XTEN and 0.49% for THTA.

Which has better risk-adjusted returns?

THTA currently has the higher Sharpe Ratio (2.91 vs 0.75), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.